Up 75% in 15 sessions! This Sunil Singhania stock hit new peak today – what fuelled the rally?

Shares of TTK Healthcare – a diversified pharma company – touched a new all-time high of Rs 1,474 per share, after surging more than 17 per cent on the NSE during Thursday’s trading session after the company announced its plan to delist shares from the market voluntarily. 

The stock has been in demand for quite some time now, as it rallied nearly 75 per cent in the last 15 sessions on the bourses. At around 01:00 PM, the counter was up around 4 per cent to Rs 1,305.45 apiece on the NSE against a 0.14 per cent rise in the Nifty50 index during the same period. 

TTK Healthcare in its exchange filing said, “The meeting of the Board of Directors of TTK Healthcare Limited to be held on 20th April 2023 to consider the proposal for voluntary delisting of the company's equity shares, having the face value of Rs 10/- per share.”           

Sunil Singhania buys stake in TTK Healthcare 

Meanwhile, ace investor Sunil Singhania-owned Abakkus Asset Manager LLP acquired a stake in TTK Healthcare through open market transactions on March 24, 2023. 

The asset management firm Abakkus Asset Manager LLP of Sunil Singhania bought 131,788 equity shares of TTK Healthcare at an average price of Rs 911.08 apiece, as per the exchange data. 

While Abakkus Diversified Alpha Fund bought 1,15,385 shares at an average price of Rs 910 per share on the BSE, as per bulk deals data available on the exchange.  

TTK Healthcare share price history 

TTK Healthcare shares have jumped more than 60 per cent in the last one year as compared to a per cent fall in the Nifty50 index. It grew nearly 28 per cent year-to-date (YTD) against a three per cent drop in the benchmark index. 

While in the last five sessions, the counter has soared over 25 per cent in the last six months against over a three per cent surge in the frontline index. 

About TTK Healthcare 

TTK Healthcare is a subsidiary of TTK Group which has a presence across segments such as consumer durables, pharmaceuticals and supplements, bio-medical devices, maps and atlases, consular visa services, virtual assistant services, and health care services. 

TTK Healthcare is known for its brands such as Eva Deodorant, Woodwards Gripe Water, Home Sprays Good Home and sexual wellness Skore Condoms.

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